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yeah, it's bong. [ laughter ] >> steve: wow. [ cheers and applause ] >> jimmy: just bong it. >> steve: the bong's the best. >> jimmy: you gotta go and just bong it. [ applause ] [ imitating bong ] >> jimmy: and finally, pro -- marijuana has been known to treat sex addiction. con -- or as general petraeus put it, "4-20, y'all!" [ laughter and applause ] that is the "pros and cons," everybody. we will be right back with more "late night." come on back. [ cheers and applause ] ♪ [ male announcer ] applebee's new spirited cuisine. crafted with a touch of whisky, wine, and beer by highly skilled chefs. yep, this is real. double barrel whisky sirloins and new napa chicken & portobellos, starting at $9.99. see you tomorrow. and this is our emergen-c. [ nora ] when you run your own place, you can't miss a day. so we rely on emergen-c. with vitamin c for immune support plus energizing b vitamins, our regulars know we're sure to be there. get your free sample at emergenc.com. stay healthy, and feel the good. ♪ ♪ [ female announcer ] prepare yourself for the feeling of more water without u
yeah, it's bong. [ laughter ] >> steve: wow. [ cheers and applause ] >> jimmy: just bong it. >> steve: the bong's the best. >> jimmy: you gotta go and just bong it. [ applause ] [ imitating bong ] >> jimmy: and finally, pro -- marijuana has been known to treat sex addiction. con -- or as general petraeus put it, "4-20, y'all!" [ laughter and applause ] that is the "pros and cons," everybody. we will be right back with more "late...
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Nov 14, 2012
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>> on monday steve grasso and i professed our mutual love for yahoo. the fact that the stock was only down two cents today was impressive. we saw a call by one buying who bought 2,500 of the jan 1 calls. they are breaking even at the 20.20. when you are getting into fresh ground defining your risk by buying calls makes a lot of sense. >> let's see to seema mody tracking the twitter fear. >> facebook is the big story. if you have been checking your twitter feed you might have been able to catch the rally. jc tweeted yesterday with thousands of articles being written about a facebook selloff on expiring lock ups wouldn't it be hilarious if facebook rallied instead. everyone thought it would be down. the question is as paul points out in this tweet does the rally that we saw today have legs? the rally post earnings didn't hold. take a look at the chart. facebook reported on october 23 shares rose and then moved lower. can i hold this level and move higher from here? >> we are using kids dynamite logic. >> you would be surprised. twitter is right. if you w
>> on monday steve grasso and i professed our mutual love for yahoo. the fact that the stock was only down two cents today was impressive. we saw a call by one buying who bought 2,500 of the jan 1 calls. they are breaking even at the 20.20. when you are getting into fresh ground defining your risk by buying calls makes a lot of sense. >> let's see to seema mody tracking the twitter fear. >> facebook is the big story. if you have been checking your twitter feed you might have...
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cnbc's steve leisman is here with that. what do they have to say? >> so they told us what i think we knew, which is that they're probably going to do additional asset purchases in january when the extenders -- what they're doing right now, this operation twist -- when that runs out. selling short term, buying long ter term. qe3-plus, maybe qe4. it is another extension of "operation twist" but they'll get rid of the selling and all they'll be doing is buying. that's one thing. another thing is they're having this big discussion internally about the guidance they provide and all i can tell you, michelle, is when i read the minutes, it doesn't sound like the discussion's ready for prime time. they are literally all over the place. they agree it needs to clang. what's the sflem they don't like this calendar dade guidance. they think it should be linked to economic goals, or economic targets. like we will stop keeping rates low when unemployment gets below, x or if inflation gets above y. but they can't agree on the targets. they're worried about the eff
cnbc's steve leisman is here with that. what do they have to say? >> so they told us what i think we knew, which is that they're probably going to do additional asset purchases in january when the extenders -- what they're doing right now, this operation twist -- when that runs out. selling short term, buying long ter term. qe3-plus, maybe qe4. it is another extension of "operation twist" but they'll get rid of the selling and all they'll be doing is buying. that's one thing....
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. >> governor, i mean, to your point, i read it entirely differently from steve. i read it as, i'm probably not going to appoint her -- >> fighting for her. >> i'll get a defense out automatically so that when i don't we don't have to relitigate this again and everyone knows where i stand on my friend susan rice. but you and i talked about this earli earlier, governor and made a bet with a colleague. >> not for $10,000. >> not. >> way more than that. >> you and i agreed against another colleague that if susan rice was put up for nomination we could think of a couple democrats who would oppose her nomination. >> right. >> why would obama waste capital on susan rice when he's got so many other things to worry about right now? >> s.e. makes a good point. the president has to use capital. we need republican cooperation to get anything done in this country, important things. >> right. >> why rip off a scab and an open sore trying to build that cooperation? that's on the one hand. on the other hand, the president i believe, deeply believes that this is unfair but i thin
. >> governor, i mean, to your point, i read it entirely differently from steve. i read it as, i'm probably not going to appoint her -- >> fighting for her. >> i'll get a defense out automatically so that when i don't we don't have to relitigate this again and everyone knows where i stand on my friend susan rice. but you and i talked about this earli earlier, governor and made a bet with a colleague. >> not for $10,000. >> not. >> way more than that. >>...
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we're going to talk with new york congressman steve israel. he works side by side with nancy pelosi. we'll chat about what he thinks is ahead for her. and a dramatic car accident, oh, my goodness, caught on camera. we'll tell you why the woman behind the wheel is the last person that you would expect. that's ahead. stay with us. one. two. three. my credit card rewards are easy to remember. with the bankamericard cash rewards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. >>> will she stay or will she go? congresswoman nancy pelosi has a news conference in less than three hours. she's holding it on capitol hill, of course. expecting to find out then whether or not she's planning to run for the house minority leadership position o
we're going to talk with new york congressman steve israel. he works side by side with nancy pelosi. we'll chat about what he thinks is ahead for her. and a dramatic car accident, oh, my goodness, caught on camera. we'll tell you why the woman behind the wheel is the last person that you would expect. that's ahead. stay with us. one. two. three. my credit card rewards are easy to remember. with the bankamericard cash rewards credit card, i earn 1% cash back everywhere, every time. [ both ] 2%...
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i'm steve handelsman, news4, capitol hill. >>> nancy pelosi has put rumors about her future to rest. she raised more money than any other member of congress to put democrats back in power. but her party fell far short of the 25 seats needed to win the majority last week. still pelosi succeeded in electing the most diverse caucus in the country's history. >> as you look forward, understand that you are looking into the future. the future of empowerment of women in america. and i have made a decision to submit my name to my colleagues, to once again serve as the house democratic leader. >> the only woman ever elected speaker of the house, she served in that post from 2007 to 2011, when democrats lost their house majority. she is 72 years old. >>> a developing story now. a grand jury in new york has indicted a suspect in the murder of 6-year-old aton pace. the boy disappeared from a new york city street 33 years ago. the mystery about what happened to him has gripped new yorkers for decades. pedro hernandez was a clerk at a store in aton's neighborhood. police say hernandez has admitted
i'm steve handelsman, news4, capitol hill. >>> nancy pelosi has put rumors about her future to rest. she raised more money than any other member of congress to put democrats back in power. but her party fell far short of the 25 seats needed to win the majority last week. still pelosi succeeded in electing the most diverse caucus in the country's history. >> as you look forward, understand that you are looking into the future. the future of empowerment of women in america. and i...
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that's it from cnbc, first in business worldwide. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> with today's press conference behind him, the president quickly moved on to meetings with business leaders from companies as diverse as aetna and epcy to chevron and walmart. on friday he welcomes congressional leaders to the white house when he says he'll attempt to come to an agreement on taxes and soon. >> i want a big deal. i want a comprehensive deal. i want to see if we can, you know, at least for the foreseeable future provide certainty to businesses and the american people so that we can focus on job growth. >> msnbc's mike viqueira joins us live from the white house. t
that's it from cnbc, first in business worldwide. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td...
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i will turn it back to leader pelosi. >> we are so proud of steve. although we did win 25 seats. we did not get 25 seats. thank you, steve, for your great leadership and having this configuration. our founders envisioned the house of representatives, which would be a constant reinvigoration of the congress because big have to be elected every two years -- go o the voters every two years. this year, 25% of our caucus is brand new. quite an invigoration. here they are -- the fresh recruits, who among them will lead our nation in what other capacity as well as leader in the house of representatives. we may not have the majority, we may not have the gavel, but we have unity, and with that unity, a consensus built to solve problems to work with president obama, we are ready to work. are we proud of president obama and his wonderful victory? not to get into politics. with that, in case you have any questions -- yes ma'am? >> will you plan to stay on as the leader? will you run again? >> let us see. what time is it now? it is 2:00 on tuesday. i will see you
i will turn it back to leader pelosi. >> we are so proud of steve. although we did win 25 seats. we did not get 25 seats. thank you, steve, for your great leadership and having this configuration. our founders envisioned the house of representatives, which would be a constant reinvigoration of the congress because big have to be elected every two years -- go o the voters every two years. this year, 25% of our caucus is brand new. quite an invigoration. here they are -- the fresh recruits,...
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. >>> i want to turn to a member of general petraeus' inner circle, his former spokesman, colonel steve boylan. colonel, thank you for joining me. when did you last speak to david petraeus? >> i spoke with him last night and we exchanged some correspondence this morning. >> how would you describe his state of mind? >> well, i think his state of mind is fine. i would suggest, though, that he is very well aware of everything that's going on, how much hurt he has caused his family, the implications of him resigning and the poor judgment and decisions that he made that led to this. >> colonel, would you say that there's any part of general petraeus' state of mind that regrets resigning? the reason i ask that is that he was interviewed by the fbi three, four weeks ago and clearly didn't resign as a result of that interview, which must have been the moment he realized this was all potentially going to come out. and there is a suggestion in some reports that he believed for awhile he may be able to hang on to his job. >> well, i think he definitely regrets the reasoning behind why he had to re
. >>> i want to turn to a member of general petraeus' inner circle, his former spokesman, colonel steve boylan. colonel, thank you for joining me. when did you last speak to david petraeus? >> i spoke with him last night and we exchanged some correspondence this morning. >> how would you describe his state of mind? >> well, i think his state of mind is fine. i would suggest, though, that he is very well aware of everything that's going on, how much hurt he has caused...
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. >>> new york congressman steve israel is going to join us this morning. pennsylvania congresswoman allison schwartz, general james "spider" marks joins us, and patty murray. newt gingrich and callista gingrich will join us. they've written his and her books. going to talk about what the republican party needs to do as it moves ahead. and we'll talk to oliver stone. he's written a lot and done a number of movies on historical events. whether it's vietnam or jfk's assassination. but he says history as we know it is all wrong, and that there's an untold history. yes. an untold history. he'll tell us what that's all about. >> all wrong? >> completely wrong. throw away everything you knew. you thought you knew. wrong. >> we're going to tune in for that. >> oliver stone. >> 54 minutes past the hour. it's been more than two weeks since superstorm sandy struck. thousands of people on new york's long island are still in the dark. >> and much of the anger has been districted at the long island power authority, or lipa as it's called, for failing to prepare for and
. >>> new york congressman steve israel is going to join us this morning. pennsylvania congresswoman allison schwartz, general james "spider" marks joins us, and patty murray. newt gingrich and callista gingrich will join us. they've written his and her books. going to talk about what the republican party needs to do as it moves ahead. and we'll talk to oliver stone. he's written a lot and done a number of movies on historical events. whether it's vietnam or jfk's...
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. >> you don't eat it, you just catch it, right, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's ownership of something, you conserve. when anybody -- everybody going after the same thing, they figure if i don't do it, somebody else is going to do it. if you own timber, every time you take down a tree, you plant two more. >> much better about protecting the resource and the europeans contend they have their own stock. but we've shown through the tagging data that these fish go across the mediterranean to the atlantic, up and down the coast, it's an extraordinary fish, a good one to preserve. >> okay. >> okay. >> let's go back to steve since you're there. you've got an interesting report, and i promise you i'll be l
. >> you don't eat it, you just catch it, right, steve? >> is this japan? >> they shouldn't be increasing the quota? >> why? >> because they have no idea about the stocks. they try to pretend there's one stock in the mediterranean, one stock in the atlantic, they have no idea. it's bad data leading to bad decision. >> if earn to take this conversation, you know what it would lead to? the tragedy of the commons. >> good point. >> when there's...
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guys, back to you. >> steve, it's david. first of all, i compliment your use of color. love the purple, very pretty at the top there. you look at that chart. i mean, that's progressive taxation at its finest -- at its most extreme, it would seem. >> it is. >> i wonder if those who believe taxes need to go up on the wealthy whether they embrace that and say, let's go over the cliff. you say half a trillion if you get to spending cuts, i mean, those worried about deficit reduction have to say, well, that will certainly help. >> it will help. two pieces to that, increase of taxes on the wealthy in a progressive manner, as you noted but also increasing for everybody so it's broadening the base, which is what republicans want. in that regard going over the cliff has a compromise element to it. >> i'm still thinking about lovie, we're going to be paying more in taxes, the gilligan's island reference from steve banks. >> tonight? >> why the markets may not be having trouble. >> and dan o'keefe. >> yes. >> let's get to the third hour of "squawk on the street." here's what you m
guys, back to you. >> steve, it's david. first of all, i compliment your use of color. love the purple, very pretty at the top there. you look at that chart. i mean, that's progressive taxation at its finest -- at its most extreme, it would seem. >> it is. >> i wonder if those who believe taxes need to go up on the wealthy whether they embrace that and say, let's go over the cliff. you say half a trillion if you get to spending cuts, i mean, those worried about deficit...
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as an act of terror which he didn't but then we know now that that night he gave an interview with steve croft saying they didn't know what was the cause it and went on, on numerous venues saying that it was a spontaneous flash mob that had nothing to do with a terrorist act and so he didn't tell the truth. the american people at one time or another. >> susan rice appears to be front-runner for secretary of state. you told cbs last night that you will do everything to stop her confirmation. why? >> she's not qualified. anyone who goes on national television in defiance of the facts five days later, we're all responsible for what we say and what we do. i'm responsible to my voters. she's responsible to the senate of the united states. we have our responsibilities forced advise and consent. i was on "face the nation" when she told that story and right after it was said it was al qaeda. >> can you help me understand this, senator. the cia talking points that were prepared on september 15th, the same day that rice was on all those sunday shows and "face the nation" that said that currently a
as an act of terror which he didn't but then we know now that that night he gave an interview with steve croft saying they didn't know what was the cause it and went on, on numerous venues saying that it was a spontaneous flash mob that had nothing to do with a terrorist act and so he didn't tell the truth. the american people at one time or another. >> susan rice appears to be front-runner for secretary of state. you told cbs last night that you will do everything to stop her...
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my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the willingness is there in order to make the grand bargain as they say. a great show, thank you very much host: thank you. guest: adding the caller makes a great point. for there to be a compromise, with the want to say is they want to see them change the entitlement programs. these are medicare, medicaid, potentially social security, although there's less clamoring to change that. want to see those programs changed so they are not just these open-ended things were the costs go up. went to see them reforms. so that does not keep adding to the deficit and increasing the federal budget. but the democrats want to see more revenue. want to see higher tax rates, they want republicans to agree to that. for this to be this big grand deal, both sides will have to come to an agreement. host: nancy has a recent story with this headline. someon
my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the willingness is there in order to make the grand bargain as they say. a great show, thank you very much host: thank you. guest: adding the caller makes a great point. for there to be a compromise, with the want to say is they want to see...